SEC's stock market reform club locks out retail brokers

First it'll be a nickel spread, then a dollar. And they will always blame external sources for any decline in trading volumes. Because when things go bad you blame someone else and when things go well then you take credit.
What I don't get is, where will they make the money from once retail leaves the market completely. They seem to be hyper-confident that the sheep will keep on trading.
 
What in god's name would that nickel plan possibly be useful for (besides the obvious)? Sure doesn't seem like something "the people" have been asking for (hint: they've been asking for HFT reform, not messing around with spreads).

The whole thing is turning into a giant joke. It's yet more wealth transfer from every single avenue and the SEC's in on it.
 
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